Johnson Financial Group Inc. Boosts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Johnson Financial Group Inc. boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,090 shares of the company's stock after buying an additional 5,547 shares during the quarter. Johnson Financial Group Inc.'s holdings in PepsiCo were worth $4,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of PEP. Susquehanna Fundamental Investments LLC purchased a new stake in PepsiCo during the fourth quarter valued at about $669,000. Three Seasons Wealth LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $236,000. Voya Financial Advisors Inc. boosted its holdings in PepsiCo by 12.2% during the 4th quarter. Voya Financial Advisors Inc. now owns 3,577 shares of the company's stock valued at $543,000 after acquiring an additional 388 shares during the period. Topsail Wealth Management LLC bought a new position in PepsiCo during the 4th quarter worth approximately $215,000. Finally, Integrated Wealth Concepts LLC increased its stake in PepsiCo by 3.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 77,130 shares of the company's stock worth $11,728,000 after purchasing an additional 2,405 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

PepsiCo stock opened at $133.38 on Friday. The stock's 50 day moving average is $147.70 and its 200 day moving average is $153.92. The company has a market capitalization of $182.91 billion, a P/E ratio of 19.19, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a twelve month low of $131.80 and a twelve month high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.04). The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 4.06%. PepsiCo's payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PEP shares. CICC Research reissued a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Bank of America cut their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday. BNP Paribas dropped their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. UBS Group reduced their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday. Finally, TD Cowen dropped their price objective on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $162.00.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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